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Topic - First National Bank
Jul 03, 2015
After becoming the first provincial government to adjudicate its central banking services tender selection process in public on Friday, the Gauteng provincial Government (GPG) now plans to roll-out the “transparent” tender award process across the province to...
Jun 18, 2015
JOB CREATION The FNB-run Vumela Enterprise Development Fund seeks to encourage the creation of jobs in the manufacturing sector
Local banking firm First National Bank’s Vumela Enterprise Development Fund will be participating in this year’s Manufacturing Indaba to identify manufacturing companies with significant growth and job creation potential, with the aim of partnering with some of them...
Jun 05, 2015
Ratings agency Standard & Poor’s (S&P's) warning over Cell C’s R2-billion unsecured debt is is no cause for concern to the head of First National Bank’s (FNB's) new mobile network. FNB will become the first bank in South Africa to launch a mobile network when it...
May 22, 2015
Trade and Industry Deputy Minister Mzwandile Masina
The Department of Trade and Industry (DTI), which last year committed to the initial creation of more than 100 black industrialists within three years, has developed a draft policy framework to guide the introduction of financial and nonfinancial support mechanisms...
Feb 26, 2015
EASING THE PROCESS The importance of registering a business with ease will never diminish in South Africa, as the country is always on a drive to boost entrepreneurship
Retail bank First National Bank (FNB) has noted a substantial number of newly registered businesses since the launch of the online business registration initiative collaboration, which it established in 2013 in partnership with the Companies and Intellectual Property...
Feb 06, 2015
Four South African banking heavyweights, Standard Bank, First National Bank (FNB), Absa and Nedbank, are contesting for the tender to manage banking transactions of the Gauteng government, with a 2015 budget estimated at more than R90-billion, Gauteng Provincial...
Oct 15, 2014
Cape Town
A R3-million boost from First National Bank (FNB) has been received by a growing community of technology entrepreneurs in Cape Town to strengthen its network and help develop more start-ups in the technology sector. “This will be a real catalyst for us. The only way...
Oct 13, 2014
A recent report that analyses First National Bank’s house price indices for full- and sectional-title homes of various sizes has found that the prices of smaller houses are not only accelerating faster but are also showing stronger growth that that of larger houses....
Sep 22, 2014
Sep 17, 2014
Aug 26, 2014
Jul 22, 2014
Jul 18, 2014
Government is accelerating the processing and issuing of identity smartcards to replace the green identity document booklets and believes it can replace all identity documents within five to seven years, says Department of Home Affairs (DHA) deputy director-general...
Jul 17, 2014
Government is accelerating the processing and issuing of smart identity cards to replace the green identity-document booklets and believes it can replace all identity documents within five to seven years, says Department of Home Affairs (DHA) deputy director-general...
Mar 28, 2014
Industry adviser and University of Cape Town lecturer Dr Johan Snyman has described the current construction industry cycle as “atypical”, with research suggesting that the sector remains in a post-recessionary recovery phase. “Studies have found that the recovery...
Mar 24, 2014
Agriculture industry representative organisation the Agri Sector Unity Forum urged members at it first policy conference held recently in Stellenbosch to “actively contribute to shaping the future” of the local agricultural sector over the next five years. Speaking...
Nov 26, 2013
South Africa is entering a data economy and has started adopting a culture of messaging, as voice increasingly declines as a means of communication. “The data economy is arriving in quite a big way,” said World Wide Worx MD Arthur Goldstuck, explaining that at a time...
Nov 14, 2013
The slowdown in the availability of major infrastructure projects in the past three years has caused civils and construction company Esorfranki Construction to focus on securing housing projects in both the public and private sector.
Nov 07, 2013
The key to achieving sustained gross domestic product (GDP) growth of around 6%, as stated in the National Development Plan (NDP), is enhanced competitiveness, says First National Bank chief economist Sizwe Nxedlana. He says this means that the country has to invest...
Oct 23, 2013
FNB chief economist Sizwe Nxedlana
The key to achieving sustained gross domestic product (GDP) growth of around 6%, as stated in the National Development Plan (NDP), was enhanced competitiveness, said First National Bank chief economist Sizwe Nxedlana on Wednesday. Speaking at the CAR Conference, held...
Oct 01, 2013
Parastatal Transnet has appointed Mantsika Matooane as group executive of Enterprise Information Management Systems, a position that will see her leading the information and communications technology (ICT) function across the group from October 1. Transnet said in a...
Sep 18, 2013
Building confidence increased during the third quarter of the year from 41 to 48 index points, to reach its highest level in five years, despite a slowdown in activity with regard to main contractors and subcontractors, the latest First National Bank (FNB)/Bureau for...
Aug 19, 2013
Trade and Industry Minister Dr Rob Davies
First National Bank (FNB) and the Companies and Intellectual Property Commission (CIPC) on Monday launched an initiative to streamline the process of registering a company, while opening a corporate bank account, which should make it easier for individuals to start a...
Jul 25, 2013
POSITIVE OUTLOOKThe automotive franchising industry, having weathered the recession and the volatile economic climate, has growth potential
While food franchises comprise about 30% of the total franchise landscape, many other franchise categories are well represented, including retail, business-to-business services and automotive franchises, says South African banking firm First National Bank (FNB)...
Jul 24, 2013
Nedbank Corporate Property Finance has approved a R1.1-billion loan to local real estate developer HBW Group to restructure and finance one of the largest assets in the latter’s portfolio, the Bedford Retail and Commercial Precinct. The precinct comprises the Bedford...
May 29, 2013
The World Bank has lowered its 2013 economic growth forecast for South Africa to 2.5% in its latest South Africa Economic Update, having projected growth of 3.2% in July. “This is against the backdrop of subdued external demand subject to significant downside risks...
Apr 19, 2013
Market confidence in the construction sector is at a four-year high on the back of restored profitability, despite decreased growth in overall construction activity and a prolonged period of intense margin pressure, reports a civil confidence index compiled by the...
Apr 04, 2013
Money transfer company MoneyGram says Africa has the potential to become one of the world’s most important remittance hotspots, if current growth trends continue.
Feb 13, 2013
Despite the challenges facing South Africa’s agricultural sector, its outlook remained positive, confirming it as a desired investment destination for banking firm First National Bank (FNB), agriculture information and marketing head Jan van Zyl said on Wednesday....
Jan 24, 2013
The trading arm of Mohammed Enterprises Tanzania has secured a $100-million loan facility from a consortium of banking groups. Rand Merchant Bank (RMB) partnered with China Construction Bank, Citibank and Nedbank to originate, arrange and structure the deal.
Jan 18, 2013
Confidence in the civil construction sector fell six index points during the fourth quarter of 2012 on the back of low levels of profitability and increased competition, the latest First National Bank (FNB) and the Bureau of Economic Research (BER) State of the Civil...
Jan 10, 2013
East African-focused gold mining company Shanta Gold on Thursday said it had signed and drawn down a $30-million medium-term facility with First National Bank (FNB). The facility, which is secured over the shares and business assets of Shanta Gold's Tanzanian...
Nov 13, 2012
Africa-focused Petra Diamonds secured new $244-million debt facilities, replacing its existing $136-million facility, in efforts to ensure “comfortable” expansion funding. The company entered into agreements with FirstRand Bank, through its Rand Merchant Bank and...
Nov 08, 2012
The decline in cash-in-transit heists is continuing its positive trend, says SBV CEO Grant Dunnington. “Our statistics show cash heists in South Africa have declined from 315 in 2010, to 215 in 2011, with the number at 123 to the end of August for 2012. “The amount...
Oct 16, 2012
Confidence in the civil construction industry reached a three-year high during the third quarter of 2012, the latest First National Bank (FNB) and the Bureau of Economic Research (BER) construction confidence index found on Tuesday. The FNB/BER report said that a...
Oct 11, 2012
The decline in cash-in-transit heists is continuing its positive trend, says SBV CEO Grant Dunnington. “Our statistics show cash heists in South Africa have declined from 315 in 2010, to 215 in 2011, with the number at 123 to the end of August for 2012. “The amount...
Sep 10, 2012
The momentum of recovery in the building industry remained hesitant, despite an uptick in activity in the third quarter, First National Bank (FNB), which compiles a building confidence index with the Bureau for Economic Research (BER), reported on Monday. FNB chief...
Jul 26, 2012
Business, wholesale and manufacturing confidence in the Western Cape is higher than that of the remainder of South Africa, a new report, released by the Bureau for Economic Research (BER) on Thursday, has found. The second-quarter economic report on the Western Cape...
Jul 25, 2012
The average cellphone user is spending increasingly more of their monthly average spend on data, signalling a rapid increase in the number of mobile Internet users in South Africa, a new report by World Wide Worx has found. In the ‘Mobility 2012’ research report,...
Jul 05, 2012
The extent to which prominent lenders can issue loans to individuals entering the affordable housing market is being restrained by the lack of affordable housing developments in South Africa.
Jun 14, 2012
South African cement manufacturing giant Pretoria Portland Cement (PPC) has officially launched its PPC Cement Express Outlet pilot project with 10 local entrepreneurs. The launch took place at one of the entrepreneur’s premises, Riverside Hardware, in Orlando West,...
Jun 14, 2012
Jun 12, 2012
Building confidence in the second quarter of the 2012 fell to 27 points after increasing to 34 points in the first quarter, as perception of the industry falters, First National Bank (FNB) and the Bureau of Economic Research (BER) reported on Tuesday. However,...
May 24, 2012
May 17, 2012
Business confidence in the construction industry is on the increase, which bodes well for the concrete sector, says Cement & Concrete Institute (C&CI) MD Bryan Perrie.
May 10, 2012
Banks in South Africa have a significant opportunity to connect more closely with Internet banking users to facilitate communications and use of the full scope Internet banking and online transacting, says market research company Columinate co-founder and senior...
Apr 30, 2012
“This is a noteworthy area of investment for all players” The Connected Africa Forum which incorporates mobile money, mobile health and mobile agriculture takes place in Johannesburg in May and will showcase the evolution of mobile lifeline services and applications...
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